Cost OptimizationPeloton has initiated another round of cost optimizations, including a $200M+ reduction in force.
Financial PerformanceFree cash flow improved to $8.6 million with some timing benefit, marking the first positive quarter since fiscal Q2 2021.
Market PositionPeloton remains the leader in Connected Fitness, and it has among the best product-market-fits across its 3 million subscribers due to consistently low churn and high engagement.